Indian
benchmark indices continue to fall on Monday, with the Sensex falling 94 points
as investors remained cautious amid unabated selling by foreign funds and high
crude oil prices ahead of the RBI’s policy decision later this week.

The
30-share BSE Sensex fell 93.91 points or 0.17% to settle at 55,675.32. During
the day, it plunged 472.49 points or 0.84% to 55,295.74. The broader NSE Nifty
declined 14.75 points or 0.09% to close at 16,569.55.

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The
broader indices ended in red with the BSE Mid cap index down by 0.15%, while
the Small cap index was down by 0.54%. On the sectoral front, Metal was up by
0.72%, Oil & Gas was up by 0.50%, Energy was up by 0.41%, Auto was up by
0.21% and Bankex up by 0.15%, while Realty down by 0.87%, Consumer Disc down by
0.79%, Consumer Durables down by 0.59%, Capital Goods down by 0.53% and Telecom
down by 0.31% were the top losing indices on BSE.

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“Indian
markets opened in negative following mixed Asian market cues. During the
afternoon session, markets trimmed their losses and traded from neutral to
marginally in the green. Markets continued to trade indecisively ahead of the
RBI’s monetary policy meeting this week,” said Narendra Solanki – Head-
Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers.

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Major
laggards from the Sensex pack were Asian Paints down by 2.36%, UltraTech Cement
down by 1.68%, Bajaj Finserv down by 1.34%, Nestle India down by 1.01%, Larsen
down by 0.79%, Axis Bank down by 0.68%, Dr Reddy’s Labs down by 0.59%,
Hindustan Unilever down by 0.55% and Wipro down by 0.52%.

Among
the gainers were Tata Steel up by 0.99%, IndusInd Bank up by 0.78%, Mahindra
& Mahindra up by 0.77%, ITC up by 0.70% and Kotak Mahindra Bank up by
0.67%.

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The
rupee surged 2 paise to close at 77.64 against the US dollar.

Asian
markets settled mostly higher on Monday. Hang Seng was up by 2.71%, Shanghai
Composite was up by 1.28% and Nikkei 225 was up by 0.56%.

European
markets were also trading higher during the afternoon trade. US stock markets
had ended lower on June 3.

Also Read | Week ahead: RBI policy, global indications to weigh on Sensex, Nifty

Brent
crude, the international oil benchmark rose 0.61% to USD 120.4 per barrel.

According
to stock exchange data, foreign institutional investors sold shares worth a net
Rs 3,770.51 crore on Friday.